Kathmere Capital Management LLC Buys 854 Shares of Altria Group, Inc. (NYSE:MO)

Kathmere Capital Management LLC lifted its stake in shares of Altria Group, Inc. (NYSE:MO) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,866 shares of the company’s stock after purchasing an additional 854 shares during the quarter. Kathmere Capital Management LLC’s holdings in Altria Group were worth $2,189,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. San Luis Wealth Advisors LLC increased its holdings in shares of Altria Group by 18.7% during the fourth quarter. San Luis Wealth Advisors LLC now owns 16,437 shares of the company’s stock worth $859,000 after buying an additional 2,588 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in shares of Altria Group by 38.7% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 19,420 shares of the company’s stock valued at $1,015,000 after purchasing an additional 5,416 shares in the last quarter. Oak Thistle LLC increased its position in Altria Group by 8.1% in the 4th quarter. Oak Thistle LLC now owns 31,892 shares of the company’s stock valued at $1,668,000 after acquiring an additional 2,379 shares during the period. SeaCrest Wealth Management LLC increased its holdings in Altria Group by 13.6% in the fourth quarter. SeaCrest Wealth Management LLC now owns 50,691 shares of the company’s stock valued at $2,651,000 after purchasing an additional 6,060 shares during the period. Finally, Ignite Planners LLC grew its position in shares of Altria Group by 9.6% in the 4th quarter. Ignite Planners LLC now owns 24,866 shares of the company’s stock valued at $1,321,000 after buying an additional 2,169 shares during the last quarter. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Altria Group Trading Up 0.9 %

NYSE MO opened at $51.32 on Wednesday. The business has a fifty day simple moving average of $54.44 and a 200 day simple moving average of $51.92. Altria Group, Inc. has a 12 month low of $39.25 and a 12 month high of $58.03. The firm has a market capitalization of $86.98 billion, a P/E ratio of 8.67, a PEG ratio of 3.03 and a beta of 0.64.

Altria Group (NYSE:MO) last announced its earnings results on Thursday, October 31st. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.35 by $0.03. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $5.33 billion. During the same quarter in the prior year, the company posted $1.28 earnings per share. The firm’s revenue for the quarter was up 18.6% on a year-over-year basis. As a group, sell-side analysts predict that Altria Group, Inc. will post 5.12 EPS for the current fiscal year.

Altria Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 7.95%. The ex-dividend date was Thursday, December 26th. Altria Group’s dividend payout ratio is presently 68.92%.

Analyst Ratings Changes

Several analysts recently commented on MO shares. Stifel Nicolaus upped their target price on Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Citigroup lifted their target price on shares of Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Bank of America upgraded Altria Group from a “neutral” rating to a “buy” rating and increased their price target for the stock from $55.00 to $65.00 in a report on Friday, December 6th. Finally, Barclays upped their target price on Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Altria Group currently has a consensus rating of “Hold” and an average target price of $53.33.

Altria Group Profile

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand.